Gala Games Announces Destruction of Nearly 1 Billion GALA Tokens. 🔈
$GALA
Gala Games has announced the destruction of nearly 1 billion GALA tokens. 📶
The news comes after a governance proposal initiated by the Gala community regarding temporary GALA token contract upgrades and token destruction. 🌈
This proposal was made in response to a recent security incident that led to the unauthorized minting and sale of approximately 600 million GALA tokens, as well as the permanent locking of approximately 44 billion tokens. 🐋⬆️
The goal of this proposal is to officially destroy approximately 44 billion of these GALA tokens, along with approximately 600 million GALA tokens from the GALA treasury, to ensure the stability and sustainability of the ecosystem. ⬆️🐋
This move by Gala Games is seen as an important step to maintain the integrity of the GALA token ecosystem following the security breach.🌈😃